Introduction
Today, in modern era the life depends on power supply or an electricity. The electric grids where distribution of power changed from light bulbs to mass transit subways. Currently, the centralized power grid is facing challenges in providing safe, secure, reliable and affordable energy services. So, ELONCITY is come up with their decentralized project where they are enabling power infrastructures into millions of self-sufficient microgrids. They are producing energy which is available 24/7 and energy price becomes transparent to all through the blockchain.
Problem
There are many problems people are facing around the world through centralized power grid. Some of them I would like to mention here.
- Environmental & Public Health Problems – California October 2015, the underground natural gas storage located in Los Angeles had a massive leak. The leak problem was so extremely serious where governor of California Jerry Brown declared a state of emergency on January 2016. These centralized grids increasingly effect the environment, health and safety of the people that it serves.
- Safety & Reliability Problems – California September 2011, there is a cascade grid power failure that left more than 7 million residents without electricity. Through this gas leak incident, failure at one single point on the centralized power grid could cause harmful impacts to millions of consumers over vast areas.
- Adaptability & Resilience – Melbourne January 2018, more than 10,000 homes were stuck without power as a rush in power demands from the burning heat wave overloaded the grid.
- Unaffordable Electricity Cost – As per the study, bottom 20% of earners spend about 10% of their income on electricity. The centralized AC power grid design that drives up the cost of electricity for all ratepayers.
Solution
The solution where ELONCITY is come up with AI based grid foundation which is a non-profit organization located in Singapore to delivering decentralized renewable energy to solve the problematic centralized AC grids. The foundation has collaborated with global organizations and local communities to develop the ELONCITY Model to provide decentralized power grid to eliminate the barriers above problems.
Through blockchain technology, platform provides an open, secured and distributed ledger for efficient recording of high-volume and high-speed energy transactions in the community. For local energy exchange and incentivize investment in battery energy storage system (BESS) for storing renewable energy the community will facilitate this process through their utility token ECT. BESS is basically eliminating the challenges of currently centralized power grid through decentralized grid solution. For energy loss, they are eliminating costly AC power through DC power which is more efficient, reliable and cost efficient.
The Team
Andy Li – Founder – He previously led many projects from leading companies such as ChinaCache to build the content distribution network (CDN) internet infrastructure. Led Alibaba Cloud Computing Data Center Architecture team to develop the application of Direct Current (DC) power system for mega data centers in Asia. He’s also having experience in network traffic engineering at Cisco System.
Michael Nguyen – VP of Program Development – He’s having 30 years of experience in multiple industries such as IT research & development and manufacturing & operation marketing department. He holds 17 patents and four industry awards for technology innovation.
Gregary Liu – Marketing Director – He’s having 11+ years of experience in server system solution architecture and product development. He holds an MBA in Management of Technology and B.S. in Physics.
Token Matrix
To Be Announced (TBA)
Social Media Reach
Facebook – 1600+ Followers – https://www.facebook.com/Eloncity-229599404279234/?modal=admin_todo_tour
Twitter – 3055+ Followers – https://twitter.com/Eloncity_io
Verdict
The Social Media hype is good, and they are very much active on their Telegram Group.
The Website & Whitepaper both explained in-depth in detail where you can find easy to understand this project.
There are 8 core members in the leadership team who are holding an MBA degree in management & technology. They are having 10+ & 15+ years of experience in IT, Software & Development, Architecture design & data analysis and power electronic design.
They have 10 advisors on board who are a PhD & MBA holder and holding a position of VP, CEO, CTO of many leading companies. Having strong background experience in IoT and blockchain technology.
The Roadmap is provided till 2022 and the MVP is not released yet.
They have partnered with Panasonic, Amphenol, CATL, ArcBlock, CyberMiles, Tokeneed, Mediatek, Multitech, Pylontech and Atmel.
ELONCITY World Tour @ Korea
The Kryptical Group is on its way to 2018 World Tour which will be held on this June month. In the city Seoul, the capital of the South Korea. The CEO Mr. Andy Li will also participating in this World Tour. Follow them so that you stay up to date with their latest news about this big event.
For Detailed Information
Website – https://eloncity.io/
Whitepaper – https://eloncity.io/download/Eloncity_WhitePaper_V0.87_20180626_Final_Release.pdf
ANN Thread – https://bitcointalk.org/index.php?topic=4465922
Telegram – 12110+ Members – https://t.me/Eloncity
Kryptical Bounty Group - https://t.me/KrypitalBounty
Kryptical News - https://t.me/KrypitalNews
Bitcointalk Username – ritikagupta
Bitcointalk URL – https://bitcointalk.org/index.php?action=profile;u=1375471
Unique Identification Link - http://eloncity.io/?utm_source=Content&utm_medium=Bounty&utm_campaign=B000250